Skyworks Solutions (SWKS) FY2015 results: revenue $3.3 billion, up 42.2% on the year
Skyworks Solutions, Inc. (SWKS) reported revenue of $3.3 billion for fiscal 2015, the year ended 2 October 2015, up 42.2% on the year before. Net income was $798 million, up 74.4%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2015.
Revenue
$3.3 billion
+42.2% on the year
FY2008FY2015
Operating margin
31.4%
24.7% a year earlier
FY2008FY2015
Net income
$798 million
+74.4% on the year
FY2008FY2015
Diluted EPS
$4.10
+72.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,258
2,292
1,792
+42.2%
Cost of revenue
1,704
1,269
1,025
+34.3%
Gross profit
1,554
1,023
767
+52.0%
Gross margin
47.7%
44.6%
42.8%
Research and development
303
252
226
+20.2%
Selling, general and administrative
191
179
160
+6.8%
Operating income
1,023
565
345
+81.0%
Operating margin
31.4%
24.7%
19.3%
Interest expense
n/a
n/a
0.0
Pre-tax income
1,024
565
344
+81.1%
Income tax
225
108
66.4
+109.6%
Effective tax rate
22.0%
19.0%
19.3%
Net income
798
458
278
+74.4%
Net margin
24.5%
20.0%
15.5%
Diluted EPS
$4.10
$2.38
$1.45
+72.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
993
772
500
+28.5%
Capital expenditure
430
209
124
+106.2%
Free cash flow
563
564
376
-0.2%
Free cash flow margin
17.3%
24.6%
21.0%
Depreciation and amortisation
196
123
103
+59.6%
Share-based compensation
99.8
86.0
71.7
+16.0%
Buybacks
237
166
185
+43.2%
Dividends paid
124
41.7
0.0
+197.4%
Dividend per share
$0.65
$0.22
$0.00
+195.5%
Diluted shares, weighted
195m
193m
192m
+1.2%
Shares outstanding at period end
190m
189m
188m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
3,159
2,532
2,101
+24.8%
Debt
0.0
0.0
0.0
Other liabilities
560
441
232
+26.9%
Total liabilities and equity
3,719
2,974
2,333
+25.1%
Fixed assets
826
556
329
+48.7%
Goodwill
857
851
800
+0.7%
Intangible assets
45.0
75.0
64.8
-40.0%
Cash and equivalents
1,084
1,084
511
0.0%
Receivables
538
318
293
+69.4%
Inventory
268
271
230
-1.1%
Other assets
102
n/a
106
Total assets
3,719
2,974
2,333
+25.1%
10-K for the year ended 2 October 2015, filed 24 November 2015: the filing.